percent subject to the Company’s net tangible assets (NTA), greater than THB 20,000,000 and greater than 3 percent of the Company’s net tangible assets pursuant to consolidated financial statement for the
Transfer Transaction, it would be cause a material adverse effect to the Company’s financial status especially the debt to equity ratio and the Company’s liquidity. 3) Relationship Between SUTGH and the
Company will, as part of the said debt restructuring, receive the financial assistance from Link Capital I under the Credit Agreement, with the loan amount of USD 71,000,000, or equivalent to THB
, the SSG Group wished and intended only to provide financial assistance to the Company without having expressed any intention to restructure the Company’s debt under the aforementioned debt restructuring
accelerate in line with domestic car sales. However, commercial banks remained tighten credit standards on loans to SMEs as their concern on a deterioration in debt serviceability especially weak financial
their debt servicing ability. Allowance for Impairment Losses KBank has set aside allowance for impairment losses based on the Thai Financial Reporting Standards criteria, taking into account
Refinancing In May 2019, solar projects in Thailand namely, Solarwa Project and TPS Commercial Project completed Baht 2.2 billion debt refinancing to another financial institution with tenors of 14 years and
interest in full by the Financial Institutions Development Fund; (h) 20 debt instruments where the instrument itself or the issuer, the person who unconditionally guarantees the principal and interest of the
, the company’s financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating